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:. Studio rents in Dubai in 2010

Sent by: Sophia B.

Message:

Can you tell us how much is the rent of one studio in Dubai?

 

Reply:

Apartment rents in Dubai have been going down in the past one year and half. This has caused in some cases a decrease of more than 50%.

People who have been living in neighboring Sharjah and Ajman are gradually moving to Dubai. They were not able to afford Dubai in the past and were obliged to live outside Dubai, far from their working places.

According to media reports (see article here) studios in International City (in Dubai) can now be rented as little as AED 22,000 a year, compared to AED 60,000 less than two years ago. Other properties have adjusted their rents accordingly, based on the size and location of the apartment.

As an example of a high end market, a studio in the world's tallest building, Burj Khalifa, now costs AED 100,000.

Experts are expecting the price to go down a further 5% in the last quarter of 2010.

EmiratesGreeks.com

31 July 2010

 


 

 







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